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China's Ministry of Agriculture and Rural Affairs raised its 2025/26 industrial corn consumption estimate by 1 million tonnes to 86 million tonnes and raised the 2026/27 industrial corn forecast. The same report cut its edible vegetable oil import estimate by 700,000 tonnes to 7.03 million tonnes, mainly on lower palm oil imports.
Higher Chinese industrial corn use tightens feed and processing supply, supporting corn prices. Lower palm oil import estimates point to weaker demand for imported vegetable oils, which pressures palm oil prices.
zsiron.comNov 11, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
